The ceramic tiles market is estimated at USD 227.89 billion in 2018 and
is projected to reach USD 320.07 billion by 2023, at a CAGR of 7.03%.

The rise in the number of new constructions, coupled with the rise in
population & rapid urbanization drives the demand for ceramic tiles. The
cost-effectiveness, resistance to stains and water, and
environment-friendly properties of ceramic tiles contribute toward the
growth of the market. Furthermore, the integration of new technologies
in ceramic tiles such as digital printing has boosted their popularity
in the construction industry. However, volatility in the prices of the
raw materials may restrain the growth of the ceramic tiles market.

New construction led the ceramic tiles market in 2017 in terms of both
value and volume, and this trend is projected to continue through 2023.
The factors contributing to the growth of ceramic tiles in new
constructions include the cost-effectiveness and the aesthetic appeal of
these tiles and growing trend toward interior decoration. Furthermore,
installation of ceramic tiles in new constructions not only guarantee
lesser energy consumption but also eliminate the need for frequent tile
replacement.

Based on the end-use sector, the ceramic tiles market has been segmented
into residential and non-residential. The residential segment dominated
the ceramic tiles market in 2017. The use of diversified ceramic tiles
in residential buildings enhances aesthetic appeal and provides comfort.
Housing renovation and maintenance activities have increased steadily in
the recent past and are expected to further increase in the coming years
owing to the increasing disposable income of the population, which
subsequently drives the demand for ceramic tiles in the residential
sector.